FAGROTEC
ActiveFAGROTEC has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.13M and a net result of €281k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 89% of 7744 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 5.31 against 7.9 in 2024; short-term debt: 17.9% and cash: 21.1% of total assets), and 17.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.1%
Return on assets
10.8%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
3 d late
2023
9 d late
2022
28 d late
2021
28 d late
2020
29 d late
2019
26 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.13M▲ 2.7%
2024 · €2.07M
2019: €1.13M
2020: €1.51M
2021: €1.84M
2022: €1.82M
2023: €1.82M
2024: €2.07M
2019 → 2025
Total assets
€2.60M▲ 9.6%
2024 · €2.37M
2019: €2.24M
2020: €2.38M
2021: €2.20M
2022: €2.10M
2023: €2.05M
2024: €2.37M
2019 → 2025
Net result
€281k▼ 19.5%
2024 · €350k
2019: €227k
2020: €393k
2021: €342k
2022: €174k
2023: €163k
2024: €350k
2019 → 2025
Working capital
€2.00M▼ 1.5%
2024 · €2.03M
2019: €1.09M
2020: €1.79M
2021: €1.94M
2022: €1.84M
2023: €1.77M
2024: €2.03M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.84M-€1.82M▼ 1.3%€1.82M=€2.07M▲ 14.1%€2.13M▲ 2.7%
Operating result€502k-€239k▼ 52.4%€232k▼ 3.1%€495k▲ 114%€225k▼ 54.6%
Net result€342k-€174k▼ 49.1%€163k▼ 6.4%€350k▲ 115%€281k▼ 19.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 55% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.60M
Fixed assets
€129k▲ 202%
Current assets
€2.47M▲ 6.0%
Equity and liabilities €2.60M
Equity
€2.13M▲ 2.7%
Debt
€465k▲ 57.8%
The debt ratio rises from 12.4% to 17.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€245k▼
2024 · €512k
Cash flow
€301k▼
2024 · €366k
Solvency
82.1%▼
2024 · 87.6%
Current ratio
5.31▼
2024 · 7.90
Quick ratio
5.23▼
2024 · 7.65
Debt / equity
0.22▲
2024 · 0.14
ROE
13.2%▼
2024 · 16.9%
ROA
10.8%▼
2024 · 14.8%
Interest coverage
207.64▼
2024 · 417.42
Debt
€465k▲
2024 · €295k
Debt ≤ 1 year
€465k▲
2024 · €295k
Income taxes
€83k▼
2024 · €162k
Staff costs
€56k▼
2024 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.37M€2.60M▲
Fixed assets21/28€43k€129k▲
Tangible fixed assets22/27€43k€129k▲
Plant, machinery and equipment23€5k€6k▲
Furniture and vehicles24€35k€122k▲
Other tangible fixed assets26€3k€1k▼
Current assets29/58€2.33M€2.47M▲
Amounts receivable after more than one year29€653k€587k▼
Other amounts receivable291€653k€587k▼
Stocks and contracts in progress3€73k€36k▼
Stocks30/36€48k€36k▼
Contracts in progress37€25k-
Amounts receivable within one year40/41€464k€278k▼
Trade receivables40€407k€222k▼
Other amounts receivable41€58k€55k▼
Current investments50/53€951k€1.02M▲
Cash at bank and in hand54/58€180k€547k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.37M€2.60M▲
Equity10/15€2.07M€2.13M▲
Contributions10/11€40k€40k=
Reserves13€1.72M€1.78M▲
Distributable reserves133€1.72M€1.78M▲
Profit (loss) carried forward14€312k€312k=
Amounts payable17/49€295k€465k▲
Amounts payable within one year42/48€295k€465k▲
Trade debts44€255k€22k▼
Suppliers440/4€255k€22k▼
Advances received on contracts in progress46-€200k
Taxes, remuneration and social security45€40k€47k▲
Taxes450/3€35k€40k▲
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48-€196k
Income statement
Code20242025
Remuneration, social security and pensions62€63k€56k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€20k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€577k€303k▼
Operating profit (loss)9901€495k€225k▼
Financial income75/76B€18k€141k▲
Recurring financial income75€18k€141k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€512k€364k▼
Income taxes67/77€162k€83k▼
Profit (loss) for the period9904€350k€281k▼
Profit (loss) for the period to be appropriated9905€350k€281k▼
Appropriation of the result
Profit (loss) to be appropriated9906€662k€593k▼
Profit (loss) brought forward from the previous period14P€312k€312k=
Transfer from equity791/2€93k€225k▲
Transfer to equity691/2€350k€281k▼
To other reserves6921€350k€281k▼
Profit to be distributed694/7€93k€225k▲
Return on contributions (dividend)694€93k€225k▲
Social balance
Average headcount (FTE)90870.80.8=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2024
30-06
Financial
Equity above €2MEq €2.07M ▲14.1%
6 profitable years in a row build equity to €2.07M.
09-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 9 days late
2023
30-06
Financial
Weakest financial yearnet €163k ▼6.4%
Net result drops to €163k, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 28 days late
2021
30-06
Financial
Liquidity doublescurrent ratio 8.92
Current ratio from 4.15 to 8.92; short-term debt falls from €567k to €245k.
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 29 days late
2020
30-06
Financial
Highest result since 2019net €393k ▲73.3%
Operating result €594k, net result €393k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 4.15
Current ratio from 1.97 to 4.15; short-term debt falls from €1.12M to €567k.
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wingene · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hille-Zuid 358750 WingeneGround area
927 m²
Building footprint
320 m²
Volume, LiDAR
2,281 m³
Parcel 37019C0228/00G000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FAGROTEC
since 20082.172.760.705
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019C0228/00G000 | Flanders | 927 m² | 1 · 320 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 1,977 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-2008
Fiscal year end30-06
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.